The economics of nonrenewable resources addresses some of the most
problematic issues concerning the sustainability of the world
economy. This comprehensive research review discusses some of the
most important and influential journal articles by some of the
leading scholars in the field. Subjects discussed include: an
introduction to the economics of nonrenewable resources;
theoretical foundations for the field; nonhomogeneous resources;
exploration and uncertainty; market structure; taxation and global
climate change. The research review concludes with a discussion of
the empirical research and the extent to which nonrenewable
resources constrain economic growth as well as the consistency of
the theoretical predictions of Hotelling-type models with actual
economic outcomes.
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